CA
Cetera Advisor Networks LLC 13F Holdings & Position Changes (Q1 2024) — Charts & AI Insights
Cetera Advisor Networks LLCCIK: 0001534468
Diversified strategyLong-term holder
Total reported value
$20.2B
Reporting period: 2024-03-31 · Number of holdings: 2808
Cetera Advisor Networks LLC disclosed 2808 holdings in its latest 13F filing for the period ending 2024-03-31, with total reported value of $20.2B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 1.92
- Portfolio Stability
- 0
- Momentum/Contrarian
- 50
- Sector conviction
- 46.64
- Diversification
- 100
- Sizing Uniformity
- 64.71
Cetera Advisor Networks LLC's disclosed holdings carry a Herfindahl concentration index of 0.005 — mathematically equivalent to about 208 equally-sized positions, well below its 2808 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.53), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 33% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
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Recent moves
View source Form 13F filing on SEC.govAdd NVDA
+8.1% $151.5M
Trim BIL
-43.0% -$89.4M
Trim AAPL
+1.0% -$48.8M
Add JAAA
+2202.7% $77.8M
Trim SGOV
-58.8% -$53.6M
Add XHLF
+70.5% $51.7M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Hunting alpha via tech dominance and broad equity ETFs, systematically recycling cash buffers into VOO and positioning for AMZN. The portfolio’s zero turnover confirms a flow-driven capital deployment strategy where client net inflows are mechanically deployed into mega-cap growth and index wrappers rather than tactical manager rotation.
Macro & Fundamentals
The regime bet anchors on secular AI infrastructure build-outs and large-cap pricing power, offsetting crowded trade risk by parking core exposure in liquid index funds to prevent idiosyncratic decaying yields. The opposing thesis targets large-cap valuation mean-reversion: as yield curves normalize, capital will force-rotate out of tech megacaps into deeply discounted financials and industrials.
Blind Spots / Risks
The 2800-holding architecture masks severe index-weight concentration risk. When client flows surge into VOO or sector ETFs, the basket becomes mechanically levered to the top three tickers; any liquidity trap in mega-cap tech triggers a forced rebalancing cascade without downside cushioning.
Generated by AI directly from this institution's Form 13F disclosures on SEC EDGAR. Reflects historical positioning only and should not be treated as investment advice — the original filing is linked below for verification. View the original 2024-03-31 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 2808 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 2.18% | -0.54% | +1.01% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 2.14% | +0.09% | +4.76% | |
| 3 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 2.04% | -0.17% | -5.56% | |
| 4 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.68% | +0.10% | +9.15% | |
| 5 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.67% | -0.02% | +2.18% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 1.52% | +0.65% | +8.12% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.51% | +0.08% | +6.55% | |
| 8 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.32% | +0.15% | +7.07% | |
| 9 | IWF | Ishares Russell 1000 Growth | ETF-Other | 1.24% | +0.11% | +10.37% | |
| 10 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.06% | -0.05% | -2.04% | |
| 11 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 1.00% | — | +6.92% | |
| 12 | VTV | Vanguard Value ETF | ETF-Other | 0.99% | +0.01% | +4.06% | |
| 13 | VUG | Vanguard Growth ETF | ETF-Other | 0.79% | +0.01% | +2.61% | |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.73% | +0.06% | +3.36% | |
| 15 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.71% | +0.01% | +4.93% | |
| 16 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.70% | +0.09% | +20.21% | |
| 17 | BND | Vanguard Total Bond Market | ETF-Other | 0.69% | — | +3.03% | |
| 18 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 0.64% | +0.09% | +16.60% | |
| 19 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.64% | — | +3.45% | |
| 20 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.63% | -0.02% | +4.09% | |
| 21 | XHLF | Bondbloxx Bbg 6 Mth US Treas | ETF-Other | 0.62% | +0.21% | +70.52% | |
| 22 | JEPI | Jpmorgan Equity Premium Inco | ETF-Other | 0.61% | — | +3.21% | |
| 23 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.59% | -0.57% | -43.00% | |
| 24 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.55% | +0.11% | +2.25% | |
| 25 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.53% | — | +3.91% | |
| 26 | AMD | Advanced Micro Devices | Stock-Tech | 0.52% | +0.10% | +13.32% | |
| 27 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.52% | +0.04% | +6.92% | |
| 28 | V | Visa Inc-class A Shares | Stock-Financials | 0.52% | — | +2.86% | |
| 29 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.49% | — | +5.76% | |
| 30 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 0.48% | +0.09% | +24.00% | |
| 31 | XLK | Ss Technology Select Sector | ETF-Tech | 0.47% | — | +2.14% | |
| 32 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.46% | — | +1.93% | |
| 33 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.46% | +0.05% | +16.45% | |
| 34 | VV | Vanguard Large-cap ETF | ETF-Other | 0.45% | — | -3.01% | |
| 35 | IUSB | Ishr Cr Unvrse Usd Bd Etf-ui | ETF-Other | 0.45% | +0.05% | +30.07% | |
| 36 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.44% | — | -4.32% | |
| 37 | HD | Home Depot INC | Stock-Consumer Disc | 0.43% | — | -2.84% | |
| 38 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-Large Cap & Growth | 0.43% | — | -0.51% | |
| 39 | GLD | Spdr Gold Shares | ETF-Commodities | 0.43% | — | -3.04% | |
| 40 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.42% | — | +1.00% | |
| 41 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.42% | — | +5.60% | |
| 42 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.41% | — | +4.76% | |
| 43 | VO | Vanguard Mid-cap ETF | ETF-Other | 0.41% | — | +3.66% | |
| 44 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 0.40% | +0.38% | +2202.69% | |
| 45 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.40% | +0.03% | +8.34% | |
| 46 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.40% | — | +14.29% | |
| 47 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.40% | — | +2.08% | |
| 48 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.40% | — | +2.23% | |
| 49 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.39% | — | -14.95% | |
| 50 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 0.39% | — | +0.23% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+19.5%
Based on 74% of reported portfolio value with available pricing
- Stdev
- +10.5%
- Beta
- +0.78
- Alpha
- +0.1%
- Max Drawdown
- -6.1%
- Annualized Perf
- +14.9%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.71
- Stutzer
- +0.4
- Treynor
- +0.19
- Sterling
- +0.96
- Calmar
- +2.42
- Information Ratio
- -0.99
- Tracking Error
- +4%
- Stdev Down
- +5.3%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +27.8%
- Worst 12 Months
- +6.8%
- Efficiency Ratio
- +0.53
- Sharpe
- +1.37
- Stdev Sectors
- +7.7%
- Skewness
- -0.04
- Kurtosis
- -0.4
- Upside Potential
- +4.38
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2024 Q1 | 2808 | $20.2B | 0 | ||
| 2023 Q4 | 2777 | $18.0B | 0 | ||
| 2023 Q3 | 2711 | $15.8B | 0 | ||
| 2023 Q2 | 2600 | $14.4B | 0 | ||
| 2023 Q1 | 2595 | $13.6B | 0 | ||
| 2022 Q4 | 2546 | $12.3B | 0 | ||
| 2022 Q3 | 2096 | $8.1B | 0 | ||
| 2022 Q2 | 2064 | $7.8B | 0 | ||
| 2022 Q1 | 2067 | $8.2B | 0 | ||
| 2021 Q4 | 2036 | $8.2B | 0 | ||
| 2021 Q3 | 1957 | $7.4B | 0 | ||
| 2021 Q2 | 1901 | $7.1B | 80 | ||
| 2021 Q1 | 1476 | $4.7B | 22 | ||
| 2020 Q4 | 1346 | $4.3B | 23 | ||
| 2020 Q3 | 1235 | $3.8B | 19 | ||
| 2020 Q2 | 3484 | $3.8B | 32 | ||
| 2020 Q1 | 1116 | $3.0B | 39 | ||
| 2019 Q4 | 1245 | $3.7B | 18 | ||
| 2019 Q3 | 1199 | $3.3B | 12 | ||
| 2019 Q2 | 1195 | $3.3B | 17 | ||
| 2019 Q1 | 1151 | $3.1B | 26 | ||
| 2018 Q4 | 1030 | $2.6B | 30 | ||
| 2018 Q3 | 1127 | $2.9B | 43 | ||
| 2018 Q2 | 837 | $2.0B | 51 | ||
| 2018 Q1 | 850 | $2.3B | 23 | ||
| 2017 Q4 | 989 | $2.4B | 15 | ||
| 2017 Q3 | 917 | $2.2B | 12 | ||
| 2017 Q2 | 922 | $2.1B | 15 | ||
| 2017 Q1 | 919 | $2.1B | 15 | ||
| 2016 Q4 | 866 | $1.9B | 36 | ||
| 2016 Q3 | 1031 | $2.6B | 44 | ||
| 2016 Q2 | 832 | $1.7B | 17 | ||
| 2016 Q1 | 823 | $1.6B | 20 | ||
| 2015 Q4 | 827 | $1.6B | 22 | ||
| 2015 Q3 | 800 | $1.5B | 30 | ||
| 2015 Q2 | 842 | $1.6B | 1 | ||
| 2015 Q1 | 843 | $1.6B | 55 | ||
| 2014 Q4 | 819 | $1.4B | 29 | ||
| 2014 Q3 | 822 | $1.5B | 19 | ||
| 2014 Q2 | 800 | $1.5B | 19 | ||
| 2014 Q1 | 775 | $1.4B | 21 | ||
| 2013 Q4 | 762 | $1.3B | 27 | ||
| 2013 Q3 | 689 | $1.2B | 25 | ||
| 2013 Q2 | 602 | $1.0B | 21 |
Holding changes this quarter
Cetera Advisor Networks LLC's most significant position changes for 2024-03-31: New buy: Ishrs US E F R A Etf-usd INC (DYNF); Add: Nvidia CORP (NVDA) — shares +8.12%; Trim: Ss Spdr Bb 1-3m T-bill ETF (BIL) — shares -43.00%; Add: Apple INC (AAPL) — shares +1.01%; Add: Janus Henderson Aaa Clo ETF (JAAA) — shares +2202.69%.
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2024 Q1 | 2024-05-24 | Amendment | View on EDGAR |
| 2024 Q1 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023 Q4 | 2024-02-13 | 13F-HR | View on EDGAR |
| 2023 Q3 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023 Q2 | 2023-08-10 | 13F-HR | View on EDGAR |
| 2023 Q1 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022 Q4 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022 Q3 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022 Q2 | 2022-08-11 | 13F-HR | View on EDGAR |
| 2022 Q1 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021 Q4 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021 Q3 | 2021-11-16 | 13F-HR | View on EDGAR |
| 2021 Q2 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021 Q1 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020 Q4 | 2021-02-17 | 13F-HR | View on EDGAR |
| 2020 Q3 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020 Q2 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020 Q1 | 2020-05-08 | 13F-HR | View on EDGAR |
| 2019 Q4 | 2020-02-10 | 13F-HR | View on EDGAR |
| 2019 Q3 | 2019-11-06 | 13F-HR | View on EDGAR |
| 2019 Q2 | 2019-08-12 | 13F-HR | View on EDGAR |
| 2019 Q1 | 2019-05-06 | 13F-HR | View on EDGAR |
| 2018 Q4 | 2019-02-15 | 13F-HR | View on EDGAR |
| 2018 Q3 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018 Q2 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018 Q1 | 2018-05-09 | 13F-HR | View on EDGAR |
| 2017 Q4 | 2018-02-08 | 13F-HR | View on EDGAR |
| 2017 Q3 | 2017-11-16 | 13F-HR | View on EDGAR |
| 2017 Q2 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017 Q1 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016 Q4 | 2017-02-15 | 13F-HR | View on EDGAR |
| 2016 Q3 | 2016-11-15 | 13F-HR | View on EDGAR |
| 2016 Q2 | 2016-08-10 | 13F-HR | View on EDGAR |
| 2016 Q1 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015 Q4 | 2016-03-23 | Amendment | View on EDGAR |
| 2015 Q4 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015 Q3 | 2015-11-16 | 13F-HR | View on EDGAR |
| 2015 Q2 | 2015-08-10 | 13F-HR | View on EDGAR |
| 2015 Q1 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014 Q4 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014 Q3 | 2014-11-21 | 13F-HR | View on EDGAR |
| 2014 Q2 | 2014-08-15 | 13F-HR | View on EDGAR |
| 2014 Q1 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013 Q4 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013 Q3 | 2013-12-03 | Amendment | View on EDGAR |
| 2013 Q3 | 2013-11-15 | 13F-HR | View on EDGAR |
| 2013 Q2 | 2013-12-20 | Amendment | View on EDGAR |
| 2013 Q2 | 2013-08-15 | 13F-HR | View on EDGAR |
FAQ
What is Cetera Advisor Networks LLC and what type of investor is it?
Cetera Advisor Networks LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2024-03-31), the firm manages a tracked equity portfolio valued at approximately $20.2B, spread across 2808 disclosed positions.
What are Cetera Advisor Networks LLC's largest equity positions?
Based on the latest 13F filing, Cetera Advisor Networks LLC's top holdings by market value are:
1. Apple INC (AAPL) — $440.4M (2.2%)
2. Microsoft CORP (MSFT) — $432.0M (2.1%)
3. Ishares Core S&p 500 ETF (IVV) — $412.6M (2.0%)
4. Vanguard S&p 500 ETF (VOO) — $340.0M (1.7%)
5. Invesco Qqq Trust Series 1 (QQQ) — $336.8M (1.7%)
What changes did Cetera Advisor Networks LLC make in its most recent portfolio filing?
In the latest reported quarter, Cetera Advisor Networks LLC made 50 notable position adjustments: 1 new positions were initiated, 43 existing holdings were added to, 6 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Ishrs US E F R A Etf-usd INC (DYNF); Add: Nvidia CORP (NVDA) — shares +8.12%; Trim: Ss Spdr Bb 1-3m T-bill ETF (BIL) — shares -43.00%; Add: Apple INC (AAPL) — shares +1.01%; Add: Janus Henderson Aaa Clo ETF (JAAA) — shares +2202.69%
What sectors does Cetera Advisor Networks LLC focus on?
Cetera Advisor Networks LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.8%
• Consumer Discretionary: 11.9%
• Health Care: 11.4%
• Financials: 10.1%
• Industrials: 9.8%
• Communication Services: 7.0%
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Developer Access
Access Cetera Advisor Networks LLC's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/cetera-advisor-networks-llcCLI
npx alphasmo institutions get cetera-advisor-networks-llc